Vietnamese billionaire sentenced to loss of life for $44bn fraud | BBC Recordsdata

Vietnamese billionaire sentenced to loss of life for $44bn fraud | BBC Recordsdata

A Vietnamese property developer used to be sentenced to loss of life on Thursday for looting one in all the nation’s excellent banks over a duration of 11 years.

Truong My Lan used to be convicted for hunting down $44bn (£35bn) in loans from the Saigon Industrial Monetary institution.

Prosecutors stated $27bn can also never be recovered.

Authorities stated 2,700 of us had been summoned to testify, whereas 10 issue prosecutors and spherical 200 attorneys had been enthusiastic.

The proof used to be in 104 packing containers weighing a entire of six tonnes.

Eighty-five defendants had been tried with Truong My Lan, who denied the costs.

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